Im a mariner overseas at this time but will be returning shortly and he said he would talk about financing the building for me, Here is what I would like to do, 8 to 10yrs at 0% interest he would be happy with any extra income at this time.

Not because I see dollar signs (which I do, of course), but that you just validated my gut feeling plan and vision.You also hit the nail on the head regarding my reasons for refinancing my primary and paying off the rental..it is because of debt to income at this point.Other advantages I believe I have here in San Diego is that there will always be a high number of potential renters due to the Navy and Marine Corps bases nearby, and to say I'm networked into that community would be an understatement.

It's been a while since you posted this question, but we have Empire Fire & Marine for a town home we own in Goose Creek.  

I am also in the military transitioning back into civilian life, but Marines not Navy.

I am currently an active duty Marine looking to invest in Multifamily homes in California.

You can check out The District (a huge shopping center in Tustin next to the old Tustin Marine Corps Air Station).

I'm also new to the world of real estate investing, but come from an analytical background in finance (distressed syndicated loan analysis at Credit Suisse) and also from the "can do" world of the Marine Corps, prior to the bank.

David Holland, im a contractor now, I was in the Marine Corps for 6yrs.

I signed a contract with a marine contractor for a dock and a seawall.

After a few years out of the Marines I had done a lot of research and jumped into a FHA 203 owner/occupied loan on a duplex that had instant equity.